Clarkston Capital Partners LLC Sells 125,291 Shares of Sysco Co. (NYSE:SYY)

Clarkston Capital Partners LLC lowered its holdings in shares of Sysco Co. (NYSE:SYY) by 5.4% in the third quarter, according to its most recent disclosure with the SEC. The firm owned 2,189,205 shares of the company’s stock after selling 125,291 shares during the period. Sysco accounts for approximately 3.1% of Clarkston Capital Partners LLC’s holdings, making the stock its 11th largest position. Clarkston Capital Partners LLC’s holdings in Sysco were worth $170,889,000 at the end of the most recent quarter.

Other institutional investors have also recently bought and sold shares of the company. Swiss National Bank boosted its position in Sysco by 0.3% during the third quarter. Swiss National Bank now owns 1,478,000 shares of the company’s stock worth $115,373,000 after purchasing an additional 4,000 shares during the period. Thrivent Financial for Lutherans boosted its holdings in shares of Sysco by 2.6% during the 3rd quarter. Thrivent Financial for Lutherans now owns 1,588,381 shares of the company’s stock worth $123,988,000 after buying an additional 40,340 shares during the period. Claro Advisors LLC acquired a new position in Sysco in the 3rd quarter valued at about $250,000. Atlanta Consulting Group Advisors LLC bought a new position in Sysco in the 3rd quarter valued at about $292,000. Finally, Seizert Capital Partners LLC boosted its position in shares of Sysco by 3.4% in the third quarter. Seizert Capital Partners LLC now owns 499,529 shares of the company’s stock valued at $38,993,000 after acquiring an additional 16,253 shares during the period. Institutional investors and hedge funds own 83.41% of the company’s stock.

Insider Activity

In related news, SVP Eve M. Mcfadden sold 4,036 shares of the stock in a transaction on Friday, November 1st. The stock was sold at an average price of $75.10, for a total value of $303,103.60. Following the completion of the sale, the senior vice president now directly owns 48,451 shares in the company, valued at $3,638,670.10. This represents a 7.69 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 0.54% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of equities analysts recently commented on the stock. Wells Fargo & Company dropped their price objective on shares of Sysco from $87.00 to $82.00 and set an “overweight” rating for the company in a research note on Wednesday, October 30th. Barclays lifted their price target on shares of Sysco from $85.00 to $88.00 and gave the company an “overweight” rating in a research report on Wednesday, July 31st. JPMorgan Chase & Co. increased their price target on Sysco from $85.00 to $88.00 and gave the stock an “overweight” rating in a research report on Monday, September 16th. Jefferies Financial Group lifted their price objective on Sysco from $91.00 to $92.00 and gave the company a “buy” rating in a report on Wednesday, September 25th. Finally, StockNews.com lowered Sysco from a “strong-buy” rating to a “buy” rating in a report on Monday, October 21st. Two equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. Based on data from MarketBeat, Sysco presently has an average rating of “Moderate Buy” and a consensus price target of $85.77.

Sysco Stock Performance

NYSE SYY opened at $74.95 on Monday. The firm’s fifty day moving average price is $75.93 and its two-hundred day moving average price is $74.74. The stock has a market cap of $36.82 billion, a PE ratio of 19.27, a PEG ratio of 1.97 and a beta of 1.20. The company has a debt-to-equity ratio of 5.38, a quick ratio of 0.73 and a current ratio of 1.26. Sysco Co. has a fifty-two week low of $69.03 and a fifty-two week high of $82.89.

Sysco (NYSE:SYY) last issued its quarterly earnings data on Tuesday, October 29th. The company reported $1.09 earnings per share for the quarter, missing analysts’ consensus estimates of $1.13 by ($0.04). The firm had revenue of $20.48 billion for the quarter, compared to the consensus estimate of $20.47 billion. Sysco had a return on equity of 101.04% and a net margin of 2.44%. The company’s revenue was up 4.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.07 EPS. On average, equities analysts expect that Sysco Co. will post 4.57 EPS for the current fiscal year.

Sysco Company Profile

Sysco Corporation, through its subsidiaries, engages in the marketing and distribution of various food and related products to the foodservice or food-away-from-home industry in the United States, Canada, the United Kingdom, France, and internationally. It operates through U.S. Foodservice Operations, International Foodservice Operations, SYGMA, and Other segments.